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Aspherical Lens Industry worth $12.2 billion by 2028

The report "Aspherical Lens Market by Type (Glass Aspherical lens, Plastic Aspherical lens), Offering (Double Aspherical lens and Single Aspherical lens), Manufacturing Technology (Molding, Polishing & Grinding), Application and Region - Global Forecast to 2028" The aspherical lens industry is projected to grow from USD 9.0 billion in 2023 to USD 12.2 billion by 2028, registering a CAGR of 6.2% during the forecast period. The market growth is attributed to the Growing use of infrared aspherical lenses in security and surveillance cameras and rising demand for aspherical lenses for use in digital cameras. Furthermore, surging use of aspherical lenses in optical instruments and ophthalmic applications is expected to create lucrative opportunities for the market.

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April 20, 2023

Cross Laminated Timber Market worth $2.6 billion by 2028

The report "Cross Laminated Timber Market by Type (Adhesive Bonded, and Mechanically Fastened), Industry (Residential, and Non-residential), End Use (Structural, and Non-structural), & Region (North America, Europe, APAC, South America, MEA) - Global Forecast to 2028",size is projected to grow from USD 1.4 billion in 2023 to USD 2.6 billion by 2028, at a CAGR of 13.7%. The rapid growth of the housing & construction sector, increasing gross domestic product (GDP), growing urbanization, and increasing disposable income drives the cross laminated timber market. The cross laminated timber market is divided into five key regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South America. US and Canada, among other countries, are leading the cross laminated timber market globally.

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April 19, 2023

Micromotor Market worth $68.3 billion by 2028

According to a research report "Micromotor Market by Application (Automotive, Medical Equipment System, Industrial Automation, Construction & Mining Equipment, Agriculture Equipment System), Type, Technology, Power Consumption & Region - Global Forecast to 2028" published by MarketsandMarkets, the micromotor market is projected to grow from USD 44.8 billion in 2023 to USD 68.3 billion by 2028, at a CAGR of 8.8% during the forecast period. Micromotors have wide applications in automotives, medical equipment, agriculture equipment system, aircraft systems, industrial automation processes, etc. With the increase in demand for minituarization of components in automoives, medical devices, aerospace systems and and manufacturing operations, the market for micromotors is expected to rise in the coming years.

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April 19, 2023

Remote Power Panel Market worth $1.4 billion by 2028

According to a research report "Remote Power Panel Market by Type (Wall-mounted, Floor-standing), Application (Network Cabinets, Server Rooms, Data Centers (Cloud, Enterprise)) & Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) - Global Forecast to 2028" published by MarketsandMarkets, the global remote power panel market is projected to reach USD 1.4 billion by 2028 from an estimated USD 1.1 billion in 2023, at a CAGR of 4.8% during the forecast period.

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April 18, 2023

AIoT Platforms Market worth $24.9 billion by 2028

According to a research report "AIoT Platforms Market by Offering (Solutions (Device Management, Application Management, Connectivity Management) and Services), Vertical (BFSI, Manufacturing, Healthcare and Retail) and Region - Global Forecast to 2028" published by MarketsandMarkets, the AIoT platforms market is estimated at USD 5.0 billion in 2023  and is projected to reach USD 24.9 billion by 2028, at a CAGR of 37.7% from 2023 to 2028. AIoT is gaining popularity in the healthcare sector. Wearable devices, such as smartwatches and fitness trackers, are increasingly being used to monitor patients’ health statuses and track their progress. These devices can collect data on everything, from heart rate and blood pressure to sleep patterns and physical activity, which can then be used by physicians to diagnose and treat a variety of health conditions.

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April 17, 2023

Raman Spectroscopy Industry worth $1.1 Billion by 2028

The report "Raman Spectroscopy Market by Type (Benchtop, Portable), Instrument (Microscopy, FT, Handheld & Portable), Sampling Technique (Surface-enhanced Raman Scattering, Tip-enhanced Raman Scattering), Application and Region - Global Forecast to 2028" The Raman Spectroscopy Industry Size is expected to reach USD 1.1 billion by 2028 from USD 0.8  billion in 2023, at a CAGR of 7.0% during the 2023–2028 period.

The major factors driving the market growth of the Raman spectroscopy industry include increased focus on drug development in healthcare sector, rise in adoption of Raman spectroscopy in clinical applications, growing awareness regarding food safety, etc.

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April 17, 2023

Sterile Filtration Market worth $15.3 billion by 2028

The report "Sterile Filtration Market by Product (Cartridge, Capsule Filter), Application (API, Vaccine, Antibody, Media, Formulation & Fill Finish), Membrane (PES, PVDF, PTFE), Pore Size, End User (Pharma & Biotech, F&B, CMO) - Global Forecast to 2028 ", is projected to reach USD 15.3 billion by 2028 from USD 8.9 billion in 2023, at a CAGR of 11.4% during the forecast period of 2023 to 2028.

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April 17, 2023

SASE Market worth $5.9 billion by 2028

According to a research report "SASE Market by Offering (Network as a Service, Security as a Service), Organization size (SMEs, Large Enterprises), Vertical (Government, BFSI, Retail and eCommerce, IT and ITeS), and Region (North America, Europe, APAC, RoW) - Global Forecast to 2028" published by MarketsandMarkets, the global SASE market size is projected to grow from USD 1.9 billion in 2023 to USD 5.9 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 25.0% during the forecast period.

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April 14, 2023

5G Device Testing Industry worth $1.7 billion by 2028

The report "5G Device Testing Market by Equipment Type (Oscilloscope, Signal Generator, Spectrum Analyzers, Network Analyzers), End User (IDMs & ODMs, Telecom Equipment Manufacturers) and Region - Global Forecast 2028" The global 5G device testing market size is expected to grow from USD 1.2 billion in 2023 to USD 1.7 billion by 2028, at a CAGR of 7.0%. There are significant opportunities in IDMs and ODMs due to the increasing adoption of smart phones and mobile devices.

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April 14, 2023

Healthcare Cybersecurity Market worth $35.3 billion by 2028

According to a research report "Healthcare Cybersecurity Market by Offering (Solutions and Services), Solution Type, Threat Type, Security Type, End Use Industry (Hospitals and Healthcare Facilities, Medical Device Manufacturers) and Region - Global Forecast to 2028" published by MarketsandMarkets, the global healthcare cybersecurity market size is projected to grow from USD 18.2 billion in 2023 to USD 35.3 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 14.2% during the forecast period. The major factors driving the market growth include the increase in cyberattacks and concerns related to security and privacy, the growing acceptance of IoT and connected devices, and the increasing adoption of cloud-based solutions in the healthcare sector.

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April 14, 2023

Polybutylene Adipate Terephthalate Market worth $2.8 billion by 2027

The report "Polybutylene Adipate Terephthalate Market by Grade, Application (Films, Sheets & Bin Liners, Coatings & Adhesives, Molded Products, Fibers), End-Use Industry (Packaging, Consumer Goods, Agriculture, Bio-medical), and Region - Global Forecast to 2027", is projected to reach USD 2.8 billion by 2027, at a CAGR of 13.1% from USD 1.5 billion in 2022.

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April 13, 2023

Autonomous Forklift Market worth $8.8 billion by 2028

According to a research report "Autonomous Forklift Market by Tonnage (<5, 5-10, >10), Navigation (Laser, Vision, Optical Tape, Magnetic, SLAM, Inductive Guidance, Others), Sales Channel, Application, End-use Industry, Forklift Type, Propulsion and Region - Global Forecast to 2028" published by MarketsandMarkets, the autonomous forklift market size is projected to grow from USD 4.6 billion in 2023 to USD  8.8 billion by 2028, at a CAGR of 13.8% from 2023 to 2028.

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April 13, 2023

Organic Coagulant Market worth $2.9 billion by 2027

The report "Organic Coagulant Market by Type (Polyamine, Polydadmac), Application (Municipal Water Treatment, Industrial Water Treatment), and Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) - Global Forecast to 2027", is projected to reach USD 2.9 billion by 2027, at a CAGR of 8.1% from USD 2.0 billion in 2022.

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April 12, 2023

Electric Vehicle Adhesives Market worth $7.6 billion by 2027

The report "Electric Vehicle Adhesives Market by Application (Powertrain System, Optical Element, Sensors & Communication, Body Frame), Resin Type (Epoxy, Polyurethane, Silicone, Acrylic), Substrate, Form, Vehicle Type, and Region - Global Forecast 2027", size is estimated to be USD 1.4 billion in 2022 and is projected to reach USD 7.6 billion by 2027, at a CAGR of 39.4% between 2022 and 2027.

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April 12, 2023

Military Electro-Optics/Infrared (EO/IR) Systems Industry worth $9.5 billion by 2028

The report "Military Electro-Optics/Infrared (EO/IR) Systems Industry by Platform, Product Type, Component, Cooling Technology Sensor Technology, Imaging Technology (Hyperspectral, Multispectral), point of sale and Region - Global Forecast to 2028" The Military Electro-Optics/Infrared (EO/IR) Systems Industry is estimated to be USD 7.8 billion in 2023 and is projected to reach USD 9.5 billion by 2028, at a CAGR of 4.0% during the forecast period. The driving factor for the EO/IR (Electro-Optical/Infrared) system market is the increasing demand for these systems in various applications such as military and defense, surveillance and security, aerospace and aviation, and others. EO/IR systems are used for gathering information from the visible, infrared, and ultraviolet parts of the electromagnetic spectrum, and they are widely used for target acquisition, tracking, and identification.

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April 12, 2023

Food Emulsifiers Market worth $4.6 billion by 2028

According to a research report "Food Emulsifiers Market by Type (Mono and di-glycerides and their derivatives, Lecithin, Sorbitan esters, Polyglycerol esters, and Stearoyl lactylates), Source (Plant, Animal), Function, Application and Region - Global Forecast to 2028" published by MarketsandMarkets, the global food emulsifiers market is estimated to be valued at USD 3.6 billion in 2023. It is projected to reach USD 4.6 billion by 2028, recording a CAGR of 4.9% during the forecast period. Some macroeconomic and microeconomic elements that have been prevalent in some important countries have had an impact on the global food emulsifiers market. In terms of value sales, this would be strong enough to significantly influence the market during the predicted period. The rise in consumption of convenience foods and bakery products, changing lifestyles, and consumption patterns drive the demand in the food emulsifiers market.

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April 11, 2023

Septic Tanks Market worth $5.5 billion in 2027

The report "Septic Tanks Market by Material (Precast Concrete, Polymer, Fiberglass), Type (Chambered, Conventional, Drip Distribution), Size (<1000, 1000-5000, 5000-10000, <10000 Liters), Application (Residential, Commercial, Industrial), Region - Global Forecast 2027", is expected to grow at a CAGR of 3.5% during the forecast period, from an estimated USD 4.6 billion in 2022 to USD 5.5 billion in 2027. The flexibility of septic tanks market to be used in various applications is pushing the market. Growing adoption of septic in rural areas.

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April 11, 2023

Lignosulfonates Market worth $1.4 billion by 2027

The report "Lignosulfonates Market by Product (Sodium Lignosulfonate, Calcium Lignosulfonate, Magnesium Lignosulfonate), Application (Oil Well Additives, Concrete Additives, Animal Feed Binders, Dust Control), and Region - Global Forecast to 2027" global lignosulfonates market is expected to grow from USD 1.2 billion in 2022 to 1.4 billion by 2027, at a CAGR of 3.6%. The major factors driving the lignosulfonates market include growth of major applications such as concrete binders, oil well additives animal feed binders, among others. Furthermore, rising infrastructural activities in different regions drive the market growth.

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April 10, 2023

Marine Actuators and Valves Industry worth $3.6 Billion by 2027

The report "Marine Actuators and Valves Industry by Platform (Commercial, Defense, Unmanned), Sales Channel (OEM, Aftermarket), Product (Actuator and Valve type), Design Characteristics, Material, Application, Component and Region - Global Forecast to 2027" The Marine Actuators and Valves Industry size is projected to grow from USD 2.8 Billion in 2022 to USD 3.6 Billion by 2027, at a CAGR of 5.3% from 2022 to 2027. The anticipated growth in seaborne trade and growing commercial and naval fleets worldwide is driving market expansion.

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April 10, 2023

Pad–Mounted Switchgear Market worth $7.1 billion by 2028

According to a research report "Pad–Mounted Switchgear Market by Type (Air, Gas, Solid Dielectric, Others), Voltage (Up to 15 kV, 15-25 kV, 25-38 kV), Application (Industrial, Commercial, & Residential), Standard (IEC, IEEE) and Region - Global Forecast to 2028" published by MarketsandMarkets, the pad–mounted switchgear market size is estimated to be USD 5.6 billion by 2023 and is projected to reach USD 7.1 billion by 2028, at a CAGR of 5.1%. Pad-mounted switchgear systems provide easy access to cable connections and operating apparatus, while vault switchgear can be wall- or floor-mounted for underground installations with flexibility to the direction of incoming underground cable connections. Many countries adopt advanced underground distribution solutions to achieve highly reliable and safe power transmission.

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April 10, 2023

Transplant Diagnostics Industry worth $6.8 billion by 2028, with a CAGR of 7.4%

The report "Transplant Diagnostics Market by Technology (PCR, NGS, Sanger Sequencing), Product(Instrument, Reagent, Software), Application(HLA, Blood Profile, Pathogen Detection), Type (Heart, Kidney, Liver, Bone Marrow), End User, & Region - Global Forecasts to 2028", is projected to reach USD 6.8 billion by 2028 from USD 4.4 billion in 2022, at a CAGR of 7.4% during the forecast period. Organ transplants have gradually improved over the past 20 years and typically produce excellent results in children and young adults. However, the proportion of elderly transplant patients with comorbidities is increasing, posing a greater challenge. When compared to dialysis, renal transplants increase patient survival, and patients with liver, heart, or lung diseases that are incurable must receive life-saving transplants. The activity of solid organ transplant programmes has been steadily increasing, but it still falls short of global needs and varies greatly between nations. Transplanting solid organs is crucial for advanced and established medical systems.

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April 10, 2023

Food Preservatives Market worth $3.9 billion by 2028

According to a research report "Food Preservatives Market by Type (Synthetic Preservatives and Natural Preservatives), Function (Antimicrobials, Antioxidants), Application, and Region ( North America, Europe, Asia-Pacific, Middle -East Africa) - Global Forecast to 2028" published by MarketsandMarkets, the global food preservatives market is estimated to be valued at USD 3.4 billion in 2023. It is projected to reach USD 3.9 billion by 2028, recording a CAGR of 3.0% during the forecast period. Some macroeconomic and microeconomic factors that have been prevalent in some important countries have had an impact on the global food preservatives market. In terms of value sales, this would be strong enough to significantly influence the market during the forecasted period. Growing demand for food products with extended shelf life, increasing preference for convenient processed food, and global rise in the demand for meat are some of the major factors expected to drive the demand for food preservatives.

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April 7, 2023

Specialty Oilfield Chemicals Market worth $14.5 billion by 2027

The report "Specialty Oilfield Chemicals Market by Type (Demulsifiers, Inhibitors & Scavengers, Rheology modifiers, Friction reducers, Specialty biocides, Specialty surfactants, Pour point depressants, and Others), Application, and Region - Global Forecast to 2027", is approximated to be USD 11.8 billion in 2022, and it is projected to reach USD 14.5 billion by 2027, at a CAGR of 4.2%.

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April 7, 2023

Veterinary Vaccines Market worth $10.8 billion by 2027

The report "Veterinary Vaccines Market by Type (Porcine, Poultry, Livestock, Companion Animals), Technology (Live Attenuated, Inactivated, Toxoid), Route of Administration (Injection, Intranasal), Distribution Channel (Hospitals, Clinics) - Global Forecast to 2027", is projected to reach USD 10.8 billion by 2027 from USD 8.1 billion in 2022, at a CAGR of 5.9% during the forecast period. Growth in this market can primarily be attributed to the growing demand for pet insurance and rising animal health expenditure. Spending on pet healthcare—which includes the purchase of pet food, supplies/over-the-counter medications, veterinary care, pet insurance policies, and other services, has increased significantly in recent years. A large number of pet owners, especially in major markets across North America and Europe, are purchasing pet insurance because of the significant growth in pet care expenditure in recent years.

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April 7, 2023

Armor Materials Market worth $16.1 billion by 2027

The report "Armor Materials Market by Materials Type (Metals & Alloys, Ceramics, Composites, Para-Aramid Fibers, UHMWPE, Fiberglass), Application (Vehicle, Aerospace, Body, Civil, Marine), & Region (Asia Pacific, North America, Europe, South America) – Global Forecast to 2027", size was USD 11.0 billion in 2021 and is projected to reach USD 16.1 billion by 2027, at a CAGR of 6.6% from 2022 to 2027.

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April 6, 2023

Electrophoresis Market worth $4.1 billion by 2028

The report "Electrophoresis Market by Product (Reagents (Protein & Nucleic Acid), (Gel Electrophoresis (1D & 2D), Capillary Electrophoresis (CZE, CGE), GDS, Software), Application (Research, Diagnostics), End User (Hospitals) & Region - Global Forecast to 2028", is projected to reach USD 4.1 billion by 2028 from USD 3.1 billion in 2023, at a CAGR of 5.7% during the forecast period. The growth of this market is majorly driven by riding funding for proteomics & genomics research, and growing use of NGS and declining cost of DNA sequencing. Furthermore, growing prominence of nanoproteomics is expected to drive the growth of electrophoresis market.

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April 6, 2023

Carbon Offset/Carbon Credit Market worth $1,602.7 billion by 2028

According to a research report "Carbon Offset/Carbon Credit Market by Type (Voluntary Market, Compliance Market), Project Type (Avoidance/Reduction Projects, Removal/Sequestration Projects (Nature-based, Technology-based)), End-User and Region - Global Forecast to 2028" published by MarketsandMarkets, the global carbon offset/carbon credit market is projected to reach USD 1,602.7 billion by 2028 from an estimated USD 414.8 billion in 2023, at a CAGR of 31.0% during the forecast period. The carbon offset/carbon credit market growth has been attributed to the rising global warming and the need to remove the carbon from the atmosphere. The market is driven by factors such as growing compliance requirements and regulatory schemes across the regions.

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April 6, 2023

Mining Software Market worth $14.9 billion by 2028

According to a research report "Mining Software Market by Component, Mining Type (Surface, Underground), Application (Exploration, Discovery/Assessment, Development, Production Operations, Reclamation/Closure), Deployment Type and Region - Global Forecast to 2028" published by MarketsandMarkets, the mining software market size is projected to grow from USD  10.1  billion in 2023 to USD  14.9  billion by 2028, at a CAGR of 8.1% during the forecast period. Mining software is a technological solution used in the mining industry to manage the entire process. It includes various software solutions like geological modeling and mine planning, resource estimation, production planning and scheduling, fleet management, and asset maintenance. The mining software market is expected to grow significantly in the coming years, owing to the increasing demand for automation and digitalization in the industry.

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April 6, 2023

Protein A Resin Market worth $2.1 billion by 2028

The report "Protein A Resin Market by Product (Agarose-based, Glass/Silica-based, Organic polymer-based), Type (Recombinant Protein A, Natural Protein A), Application (Antibody Purification, Immunoprecipitation), End User & Region - Global Forecasts to 2028", is projected to reach USD 2.1 billion by 2028 from USD 1.2 billion in 2022, growing at a CAGR of 9.8% during the forecast period. Factors such as increasing research activities, expanding therapeutic applications of monoclonal antibodies, private along with public fundings, spending on pharmaceutical R&D, growing food safety concerns, and stringent regulatory control in healthcare are expected to propel the growth of this market. However, the high cost of the resin is expected to restrain the market growth.

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April 5, 2023

Electric Ship Industry worth $14.2 Billion by 2030

The report "Electric Ship Market by Type (Fully electric, Hybrid), Ship Type (Commercial, Defense), System, Mode of Operation (Manned, Remotely Operated, Autonomous), End Use (Newbuild & Linefit, Retrofit), Power, Tonnage, Range and Region – Global Forecast to 2030" The Electric ship market size is projected to grow from USD 3.3 billion in 2022 to USD 14.2 Billion by 2030, at a CAGR of 20.0 % from 2022 to 2030. The increasing demand for hybrid and fully electric vessels is driving market expansion.

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April 5, 2023

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